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RT
Dec 7, 2013 2:29am EST
statement no one thing that was reporting on the state of the u.k. economy i think was the u.k. guilt because in the march budget ten year gilts were trading at one point eight percent with the autumn statement it's now a two point nine two percent so let's look at some of the lies that he had to tell in order to make the economy here look better well workers overall pay has not fallen insists george osborne george osborne is to claim that workers overall pay has not fallen despite official figures showing that the wages of middle income families have dropped by five thousand pounds over the past five years so that's a drop of six point four percent according to the office of national statistics george osborne is saying those are a lie he's going to come out with his only report to show that in fact those numbers are deceptive. for a new start so much a clown as he is one of these french minds and but he speaks which is kind of interesting for a mind he's more of a friend of mine it depends upon show and he believes that these numbers do not tell the truth these are all remote greet t
RT
Dec 7, 2013 6:29pm EST
the economy here look better well workers overall pay has not fall and insists george osborne george osborne is to claim that workers overall pay has not fallen despite official figures showing that the wages of middle income families have dropped by five thousand pounds over the past five years so that's a drop of six point four percent according to the office of national statistics george osborne is saying those are a lie he's going to come out with his own report to show that in fact those numbers are deceptive yeah george osborne a stud so much a clown as he is one of these french minds and but he speaks which is kind of interesting for a mind he's more of a friend of mine it's a part of my show and he believes that these numbers do not tell the truth these are all remote greet the famous french artist who would say this us and it. was a post painting of a pipe this is not a pipe corridos more. so to put all of them so you. could you shouldn't blow you see she was also one of the mean frozen treacle you. see not everything is a real korean charge over people are suffering they're
CNN
Dec 7, 2013 6:30am PST
christiane amanpour and candy crowley. all at the same table. >>> the economy is climbing back. i'm christine romans. the economy is growing at the fastest pace since the beginning of 2012. driving growth? businesses. do they expect demand from consumers to surge and what happens if consumers are not buying? another critical sector to watch, housing. sales of new homes up 25% in october. the sharpest gain in 35 years. positive jobs numbers show the economy is healing. 203,000 jobs added in november. the u.s. on track now to create the most jobs since 2005. the jobless rate lowest in five years. stock market may have taken a breather, but it is a banner year for stocks. 25% of americans hold three quarters of all stocks. many americans are more concerned where the next meal is coming from than the 401(k). fast food workers striking against poverty wages. the economy, jobs, minimum wage. that is the president's agenda for the next three years. alex is the business director and chairman of the economic advisers. also with me is a former adviser to presidential candidate mitt romney. au
RT
Dec 7, 2013 7:29am EST
one in a deal worth forty five million pounds per year. little piggies well rescue britain's economy for sure and exchange it appears china will win the rights to more of the ukase real income producing assets such as the h s two high speed rail link between london and those places up north that nobody ever goes it not only will china invest in the new rail network but may even build it but they did a good job in america building a railroad. cameron bragged that the u.k. infrastructure is worth investing in not just by the government meanwhile back in the u.k. space frightening close talking continues police told members of the public to ignore people dressed as clowns if they meet them in the street alas despite the public warning the media insisted on reporting on george osborne's autumn statement oh oh stacey. max george osborne perhaps the most terrifying clown of all actually want to take a look at this image here this is a clown spotted in norfolk i'm not sure if it was george osborne but he looks quite similar with his autumn statement no one thing that was reporting on the st
PBS
Dec 6, 2013 7:30pm PST
week's other been on the economy, good news on the jobs front today, a healthcare website that and theinally working struggles that continue away capital.nation's starting with the jobs report, are we seeing the long-awaited recovery everyone is talking about or what, david? >> i think the economy is moving in the right direction, moving slowly but in the right direction. we've had two months with over 200,000 jobs added, the unemployment rate is as low as it's been in the last five years month wasring this across the economy -- manufacturing, construction, it's aate and local so good sign but it's important to remember there's still a lot of people out of work. than one third of the unemployed have been out of work for six months or more and hard time getting hired. gwen: that's one piece of today's news. week's newsof this is about the healthcare act. at the white house today, they are linking the good economic with the finally good news about the healthcare act. is there a connection between rebound in the economy and the healthcare act? >> the link is that this law all thetuall
FOX Business
Dec 6, 2013 9:00pm EST
he give the jobs report today? to back we are in the middle because you what the economy to improve but not want to the fed to stop totally but yet you want to show it is getting better because sees earnings have to grow so the goldilocks scenario is the underlying growth would pick up and yet pick up later but then not have a crash when e rates go higher. dennis: you say the stocks go down with good news because we are scared they will tie ended? but today they went up triple digits is there such an attitude to where i think the economy will go okay? >> fortunately a part of that is the investors are confident coming back to the stock market. it will go up even just people thinking it is up. >> what did you think of the report today? >> solid but not spectacular. to reduce thousand jobs is a good bumper but every other indicator was positive. most importantly we saw improvement of the for sandage other americans in the workforce. i was happy with this report but we should not be celebratory i remember in the '80s and '90s we had five budgets thousand jobs in one month but it there
Al Jazeera
Dec 7, 2013 2:00am EST
front. more companies are hiring and the economy shows signs of a rebound. >> hello, welcome to al jazeera america. i'm morgan radford, live in new york city. >> an american war veteran detained in north korea is on his way back to the united states. merrill newman departed beijing airport about 15 minutes ago, headed for his home in san francisco. he'd been held in north korea since late october. officials said they released newman on humanitarian grounds and for apologising for crimes committed during the korean war. he spoke to reporters before leaving beijing. >> i'm glad to be coming home. >> melissa chan has more. >> great news that merrill newman has been freed. you can well imagine how distraught his family has been. he's missed thanksgiving, but will be home in time for the holidays. we hear that merrill newman was part of a special unit called the white tigers. military intelligence stole secrets - we didn't know about the group until the 1990s. so from the north korean perspective they consider merrill newman, even though he's advanced in age, a serious enemy. from the n
PBS
Dec 7, 2013 1:00am PST
looks like good news for the economy is finally good news for wall street. stocks rose sharply because of a super strong jobs report. american businesses added 2,300 jobs in november, much more than expected, and the nation's unemployment rate fell to 7% even, that's a five-year low. the rally was broad base with all ten sectors of the s&p 500 index on the plus side. today's gains come after five straight losing sessions on fears that a stronger economy would be the cat list for the federal reserve to cut back on the stimulus plan. now it looks like investors and traders believe a growing economy is good news. so here is a look at today's closing numbers. the dow shot up almost 200 points back above the 16,000 level. the nasdaq jumped about 30 and s&p rose 20 points returning to the 1800 mark again. >>> so where are all those jobs, and what do the gains mean for the economy? hampton pearson takes a look. >> just in time for the holidays, tanger outlets opened this 100 million dollar complex with 80 high-end retailers outside washington d.c. in light of today's surprisingly strong jobs
RT
Dec 7, 2013 4:29am EST
that was reporting on the state of the u.k. economy i think was the u.k. guilt because in the march budget ten year gilts were trading at one point eight percent with the autumn statement it's now at two point nine two percent so let's look at some of the lies that he had to tell in order to make the economy here look better well workers' overall pay has not fallen insists george osborne george osborne is to claim that workers overall pay has not fallen despite official figures showing that the wages of middle income families have dropped by five thousand pounds over the past five years so that's a drop of six point four percent according to the office of national statistics george osborne is saying those are a lie he's going to come out with his own report to show that in fact those numbers are deceptive yeah george osborne is thought so much a clown as he is one of these french mind and but he speaks which is kind of interesting for a mind he's more of a friend of mine it's a pentagon show and he believes these numbers do not tell the truth these are all remote greet the famous fr
FOX Business
Dec 7, 2013 4:00am EST
street despite the expectation that a growing economy will lead to the end of the federal reserve easing money policies. first to the economy the november jobs report showed an unemployment rate of 7%. that is the lowest monthly unemploynt rate since the december before president obama took office. the economy beating expectation , creating more than 200,000 jobs last month. with september and october payroll numbers also revised higher. the labor force participation rate ticked up for the first time in nearly five years. after hitting a 35 year low in october. and the total number of people out of work including the unemployed and the under employed dropped by more than a million people last month. those job gains and a broad range of industries, including higher paying sectors like manufacturing and construction, which added 27,000 new jobs alone last month. wall street today indicated investors may now be prepared to bid adios to quantitative easing despite lingering fears that the better reserve will quit its easing money policies in. the doubt -- dow jones industrials rose nearly 20
CNN
Dec 7, 2013 11:00am PST
point for the economy. 203,000 jobs created last month. but as low-wage workers take to the streets it looking more like one america with two economies. i'm christine romans. this is "your money." america on track to create nearby 2.3 million jobs this year. but the quality of those jobs could spark the beginning of a 21st century labor movement. fast food workers protesting in 100 cities across the country this week. they're calling for a living wage, $15 an hour. they are not alone in their call for better pay. >> we know there are airport workers and fast food workers and nurse assistants and retail salespeople who work their tails off and are still living at or barely above poverty. >> the president has called for raising the minimum wage to $9 an hour. he also supports a bill in congress to raise it to $10.10 but fast foods workers say $15 an hour the living wage they need. the question, a living wage, who pies? could raising the minimum wage ultimately hurt the very worker rs it's meant to help? it's all in the eye of the beholder. first, look through the low wage workers eyes
CNBC
Dec 6, 2013 7:00pm EST
. there was worries that an improving economy would lead the fed to taper early, burr the stock market rallies big and the bond market barely moves. cyclical sectors were strong and even the interest rate sensitive groups had a good day. we closed at the highs. but what about the taper fears? remember bond yields had moved up from 2.5% at the end of october to about 2.9% today. most traders haven't changed their position, that tapering is unlikely to start before january at the earliest and it will be gentle when it starts. finally, janet yellen will believe to enforce that tapering is not tapering, like changing the unemployment threshold they have been talking about. larry, back to you. >>> all right, many thanks to bob pisani. now, it looks like more and more like obama care is failing so badly that a bailout is already in the works for the nation's biggest health insurance companies. and that's because of what many are calling the perfect storm. not enough young people enrolling, too many older and sicker people signing up, also there are too many errors in the reporting back end o
Al Jazeera
Dec 6, 2013 7:00pm EST
recovery appears to be on solid footing. in america it was added 203,000 jobs. so far the economy is up 2.1 million jobs and 2013 may be the best year for hiring sinc since 2005. the unemployment rate fell to 7%, and it's the lowest in five years. that's great news. number. i'm going to stand in front of it. focus on the number of jobs added every media. in this case it was 203,000. i do want you to pay attention to this number. 63%. the that's the labor force participation rate. that's above upward from october when that number had fallen to its lowest level in 45 years. that meant that people were falling out of the workforce because they couldn't find jobs or they had give up trying all together. this is the portion of peel available to work who are actually working. number suggestion that people are coming back to the workforce instead of leaving it. looking at how well job creation is keeping up with new workers who are entering the labor force. they're coming of age, graduating from school while providing opportunities for veteran workers who want to stay employed. this is not
FOX News
Dec 7, 2013 10:00am PST
handling foreign policy. immigration and the economy. the data now raising concerns over what can still be accomplished in his next few years as president. joining us now is our political panel angela mcgrewen, fox knew political analyst, and ronow molono. the president used to enjoy euphoric ratings. now his approval rating is abysmal on all kinds of issues. so ways happening overall? why is this happening? what kind of take do you look at this -- what prism do you look at this through, angela? >> the bottom line is this. are you better off today than you were four years ago? most americans that elected this president yet again, now they're having buyers remorse, because most americans are not better off. if you look at the unemployment rate at 7% but for the black community, last check, it was 13%. the hispanic community has not lowered that much and for women and young adults, if you have a college degree, kelly, most people don't have a job today, so people are looking at this situation and though the president is a great orator, a great politician, motivational speeches do not make
CSPAN
Dec 7, 2013 7:00am EST
:." again, your thoughts on the economy, especially in light of these new numbers, with the federal unemployment rate at seven percent. in.ere is how you can call we divided the lines differently. if you are under 30 -- it is discussions about the economy that takeover the papers today, especially in light of these new numbers. here is the editorial page of "the new york times." they have a different take -- we start this morning in jacksonville florida. angel is up. good morning, what do you think about the economy in light of these current numbers? good morning. first of all, thank you so much for taking my call. go ahead, you're on. caller: there is still a selection process that is very difficult for many people. thethe reason is simple, young people are being selected -- the selection very picky.ery, degrees and i can't find a job in jacksonville, florida. some cities are picking up quickly, some aren't. keep are you going to looking for work or have you given up? caller: i will keep looking. fairs, i apply for work every day. i search for jobs every day, update my resume. i ta
RT
Dec 7, 2013 2:29pm EST
can't even afford to eat this is looking at the true state of the british economy now george osborne as we said he likes the deny the statistics deny the actual facts but tweet from the independent reads experts said government may be covering up how austerity and welfare cuts are adding to food crisis hunger in britain has reached the level of a quote public health emergency and the government may be covering up the extent to which all stared and welfare cuts are adding to the problem leading experts have said this is from the british medical journal and they spoke to a group of doctors senior academics and two leading universities all the way to calculate g.d.p. in this country is how many people are killing so it's really debt per death or a death so they'll be fuel poverty this winter meaning people will die like they did last winter and that will add to the g.d.p. so i was born talk about g.d.p. growth these are showing dead bodies and the first we looked at bodies over helps our g.d.p. growth. so the report by these doctors and universities. is that a surge in the numbe
FOX Business
Dec 6, 2013 8:00pm EST
? >> the idea is that it grows when the economy is bad and it contracts when the economy starts to improve. projections are that in the next five years it will go back at the 1996 levels to ensure its economy and the point is to boost wages. neil: one people out of seven people, isn't that bad? >> one person out of seven people is about $23,000 a year getting for food stamps. >> i'm not sure it's one out of seven. but what i hear what melissa is saying. it's a bad economy. 65% of groceries and food stamps due to that. neil: we also relax the standards? >> yes, starting under george bush. as well as president obama. there were a requirements and tests and the like. but that is a recent development. while people are misleading others about when they say that there is not an explosion of food stamps, there's a higher growth rate. what they are saying is rescue the food stamp program for the truly poor. the. neil: we could go back and forth for who is really poor and who is not poor. but you could go beyond food stamps, now you are close to one out of three americans getting assistance
RT
Dec 7, 2013 5:29am EST
countries to achieve any economic success economy can kong. the most what is structural adjustment. it is really the awareness of the fact that these countries were put in a complete deadlock. it is to say that these countries were in debt but and had an incapacity to continue to function which led to them taking quite drastic and radical measures. with the structural adjustments the following diagnosis was made with the economies acknowledge the deficits and these deficits have to be paid to pay these deficits with cuts in the public spending were necessary. expenses hits were social expenses unfortunately. in doing that we cut spending including social spending and that obviously had a negative effect on health education and social housing report obviously. supersede also this took place at a time when natur was in power in the u.k. and reagan in the us. it was really the law of the markets. and so the economists of the i.m.f. the world bank and in a lot of other countries even bilateral cooperation said allow real prices to rule and all problems will be solved. i think that by doing th
Al Jazeera
Dec 7, 2013 5:00pm EST
consumer spending and that in turn translates to additional jobs as more successful economy for everyone. by the way, we can look back in history and see in 1968, for example, the minimum wage in real dollar terms or in fixed dollars terms would be $9.44 now. and the unemployment is less than half of what it is today. the notion that minimum wage destroys jobs is disproved. and when you think about it, the common sense that says people at the lower end of the income spectrum are going to spend the money that they make, that will create jobs and will be good for everyone. >> low wage workers as customers. that's where i want to come back. we'll take a short break with our guests and we'll be back. this is inside story. >> fault lines investigates... fracking >> shale gas development could actually double the economic growth rates in the province. >> this is our land for thousands of years... >> do you drink money? you must have a lot of money to drink... >> as tensions rise, and protests turn violent, where will the debate lead? >> the situation was no longer peaceful or safe...
CNN
Dec 7, 2013 8:00am PST
markets close friday, they ended what was a pretty big week for the u.s. economy. stocks high, unemployment low, and the economy growing better than anyone expected. zane asher is in new york with what it means and how it all happened. >> reporter: fredricka, it was a big week for the economy. car sales rose, new-home sales roared and the unemployment rate dropped to 7%, the lowest since 2008. and it fell for positive reasons, because people are finding work. earlier this year, the unemployment rate declined because a lot of people got discouraged, gave up looking for work and weren't counted, but the opposite seems to be happening. it's added more jobs since 2005 and the gains are not in low-wage sectors. a lot of hiring in health care, transportation, professional services like accountants and travel agents. wages are also up and americans are working more hours. the list goes on. the report pushed the dow up nearly 200 points friday. wall street is thinking the federal reserve will reduce the stimulus program soon. certainly a sign the economy is ready to stand on its own t
FOX News
Dec 7, 2013 8:00am PST
those not rich. >> but the bottom line is that when you have a slow economy like we had in the 70s, the rich very often get richer but the poor get poorer. that didn't happen during the reagan era, did it? >> no, it didn't. look, it's not just the obama administration's fault. it's the bush administration's fault. the cheap dollar policy creates financial bubbles. who can take advantage of financial bubble? the rich. the poor always have to sell out at the bottom. number one. number two, the regulatory creep that occurred under bush and has accelerated under obama has made it very difficult to expand in areas where you typically find high wage blue collar jobs, in transportation, energy extraction and so on. i hope rick will be pleased to hear that i'm not blaming this entirely on president obama. >> well, on the other hand, mike, president obama's solution to all this and they're saying it in europe, the imf is saying it, is to have this global wealth tax, to tax the rich more, to bring the rich down, that will help income disparity. what do you think of that plan? >> as we've see
FOX Business
Dec 7, 2013 12:00am EST
line. there is a structural change going on in our economy as we speak. joining me now to break it down, former chief economic adviser to president george w. bush and a hoover senior fellow. welcome to the show. you know, every time i see something new you know, amazon drones delivering a package, i see automated checkout at the cbs on the corner. i think that jobs have disappeared and are going to continue to disappear, and they are not coming back. am i wrong? >> you are not wrong. that is a correct observation, but it is n observation that is not unique to this particular time frame. you mentioned structural change, and there has been a structural change, and structural change has been occurring for a long time. if you go back to the 1950's, we have about 35 percent of our workforce is unionized, and manufacturing for the most part. and then if you look at the numbers, say in 2007 the number that just precedes a recession, we had about the same number of people, 14 million in manufacturing in the 50's, 14 million in manufacturing in 2007. but we were producing six times the number of
MSNBC
Dec 6, 2013 4:00pm PST
policies that they're killing the economy. the economy isn't dying at all. in fact, there are more and more signs it's thriving under the president's leadership. according to the new monthly jobs report out today, the economy added more than 200,000 jobs in november. and the unemployment rate is down to 7%, lowest level in five years. the president's enemies responded to the news the only way they know how by attacking the affordable care act. well, here's only a sampling of their reactions to the good jobs news. keep in mind, these are statements supposedly about the jobs report. speaker boehner said, we need to protect all americans from the fundamentally flawed health care bill. eric cantor had this to say. quote, stop obama care from reducing hours and eliminating jobs. peter roscom of illinois said we continue to see the lost coverage, cost spikes on the strain of the president's health care law. then there's this sugar plum from tom price of georgia who dug up the old refrain that millions of americans are going to see their policies canceled. it seems no matter what the news, it
RT
Dec 7, 2013 2:00pm EST
a trillion dollar boost to the global economy the agreements designed to speed up cross border trade by slashing red tape at customs check. say this will also give a lift to developing nations too by creating up to twenty million jobs there it's the first global trade deal of its kind but has yet to be ratified by each member government. in mexico with a story been covering the last couple of days six people suspected of stealing that truck with highly radioactive material aboard in a medical scan a been released from hospital themselves now only the youngest suspect age sixteen was found of had traces of radioactive poisoning the man will remain in detention for further questioning a vehicle was carrying extremely dangerous cult sixty from a body scanner when it was hijacked to gun point near the capitol earlier this week . it's sort of world's most popular vacation spots but for those who try to settle down in paris often find their romantic notions a shuttered terser center explains why it all looks great on paper but anyone with an aspiration of living in central paris quickly di
Al Jazeera
Dec 6, 2013 10:00pm EST
news in the economy a jump in construction and manufacturing jobs helped bring the unemployment rate down to 5%. the economy gained 200,000 new positions last month. >>> in mexico startling new developments about a cargo of stolen radioactive material. they havthey have arrested two . they are being treated for raid radiation poisoning. poisoning. ♪ ♪ >>> as the word continues to mourn the loss of nelson mandela, stories are emerging of how america was crucial in the fight against racial segregation. consider this what was america's role in helping break the power of apartheid ove overseas the secretary for african a affairs will join us. >>> new york's mayor elects one of the biggest supporters to head the nypd. >>> a new wave of violence hit bebengazi. >> what would it be like to live on a floating ship in the middle of the ocean. >>> welcome to "consider this". we begin with the celebration of the life and legacy of nelson mandemandela. a ten-day mourning period began in south africa where mandela ercheddeendended the wave of ap. >>> mamandela's fellow lauret sd the sun will r
Al Jazeera
Dec 6, 2013 11:00pm EST
the economy an-for-a change so many good news. the november's job's report shows the unemployment rate fell to an all time low. the u.s. economy gained moore jomorejobs than expected. and the gains are wide spread in low and high conditions. it's i something that is key to today's economic news. >> i always kind a reason to find i this report shea shairky. the unemployment rate is down and we have created 200,000 jobs every month but a quarter of the jobs were higher payin paying j6 an hour or more. that is what wei we are concernd about. 1:5 is still low paying. that is part 69 problem. >> of the problem. it's not gang busters and teabs noit'snot a raw numbers thing. sgenerally speaking the qawl quy of jobs is higher. >> at first glance it would appear it's a big deal, but is it? world gets ou obsessed with the unemployment rate. >> i couldn't care less. that number measures a group of people in a changing group of larkehearingerlarger people. i do don't care about that number. more than 150,000 joan because that is the number of more people that come into the work force every mo
RT
Dec 7, 2013 12:29am EST
following diagnosis was made with the economies acknowledge the deficits and these deficits have to be paid to pay these deficits with cuts in the public spending when necessary. expenses hits with social expenses unfortunately. in doing that we cut spending including social spending and that obviously had a negative effect on health education and social housing report obviously. this took place at a time when natur was in power in the u.k. and reagan in the us. it was really the law of the markets. and so the economists of the i.m.f. and the world bank and in a lot of other countries even bilateral cooperation said allow real prices to rule and all problems will be solved. i think that by doing that we did a lot of harm mainly because we didn't know ways to understand the economic policy of these countries. once the structural adjustments were imposed by creditors namely the world bank and the i.m.f. it was like hell on earth here and as a. fan at the hospital everything had become. consultations you have to pay to see the doctor to get more syringe is more alcohol. i mean it was h
FOX News
Dec 7, 2013 11:00am PST
compete in the world and also we're now in a global economy competing for skills. that we need to be making progress on the start rather than going behind. i think what also has people nervous is that this comes despite many years now of the united states being focused on this question no child left behind, other pieces of legislation. common core debate. state efforts to improve things. and we're not making progress. >> no noticeable improvement. >> rankings in education seem to have very little to do with the success of individuals in later life. much less the success of the economy. there's this false equation that countries with great educational systems are going to have innovative dynamic economies. is that true of japan? of course it's not. is that true of finland? it's not there either. their one champion corporation is nokia. it's good half as many people as belgium. that's what makes a lot of these comparisons ridiculous. >> we should ignore them? >> yes, because they basically tell you nothing except to invest a lot of money in education and that's what we do here in the u
PBS
Dec 6, 2013 5:30pm PST
germany the country's central bank has forecast even brighter days ahead for europe's biggest economy despite losing steam in the third quarter the bushes and has raised its projection german economy to grow as much as half a percent this year. in twenty fourteen it sees one point seven percent growth and that could rise to two percent in twenty fifty what is on president pointed to the country's low unemployment rates increased hiring and study. find out all the years went down on the markets returned to our reporter because i was. it stopped an optimistic outlook for the german economy from the united states is well positive data came in which shows that the recovery of the economy there is stronger than anticipated. contrary to the tenancy all week the market did not take this as an opportunity to be concerned about the potential he only on phasing out of the monetary stimulus by the center backs. nope the dax is up again and with it. the hopeful of the year end rally is back again which is the hope that stock prices hero will be rising with the end of the year. i am trying to say
MSNBC
Dec 7, 2013 4:00am PST
next. >>> back to work. making sense of the new jobs numbers. has the economy turned the corner when it comes to the economy. >>> we'll hear from president bill clinton. >>> motor city master pieces. the latest on possibly selling artwork opened by detroit. could it pull the city it of bankruptcy, and should it? >>> good morning, everyone. welcome to "weekends with alex wit witt". president obama surging congress to extend benefits for 1.3 million workers. they are set to expire just three days after christmas. >> if congress refuses to act it won't just hurt families already struggling. it will actually harm our economy. unemployment insurance is one of the most effective ways there is to boost our economy. when people have money to spend on basic necessities, that means more customers for our businesses and ultimately more jobs. >> the republicans are focusing on obama care. >> families who work hard and play by the rules deserve some basic choices, fairness and relief. that's why the house has passed legislation to delay the individual mandate for all americans and let you ke
FOX News
Dec 7, 2013 7:00am PST
americans across the entire country. it will be good for our economy. >> but, as the unemployment rate is heading in the right direction, will this wage hike have jobs taking a hike? hi, everyone, this is "bulls and bears." let's get right to it. the bulls and bears. gary b. smith. tracy burns. john nas max ferris. along with bernard whitman. will pushing the minimum to the max push out jobs just as they're coming back? >> yes, absolutely, this is the wrong thing to do in an economy that's showing some signeds of recovery. remember, they're targeting the wrong people. this is a great union and democratic slogan to say, look at the ceo, how much he's making. you can't raise the minimum wage to $15 an hour? take mcdonald's nor example. they will tell you, they don't set the wages for the local franchises. these are your moms and pops. these are your neighbors out there. they can't afford -- they don't have huge margins to raise the wages to $15 an hour. remember, if you want to help poverty this isn't the way to do it. the earned income tax credit does it. take this out of politics.
FOX News
Dec 7, 2013 3:00pm PST
federal emergency jobless benefits. this, after friday's strong jobs report showing the economy added 203,000 jobs last month, sending the unemployment rate down to a five-year low of 7%. rick tyler, senior vice president of the strategy group and former spokesman for former house speaker newt gingrich. ellen ratner, talk radio news service bureau chief and fox news contributor. here now to talk about this. good to see both of you. >> thank you. >> good to be here. >> of course, more people working is always good news. do you think we need more placement, though, in jobs that are paying more than minimal wage or are more stable than part-time jobs? if so, how do we get there? >> we certainly do. part of the way we can get there is by developing more infrastructure projects because our infrastructure is crumbling in some places. certainly know the bridges and roads are doing it. jim pinkerton talks about this project he's got going. there are ways we can get these higher-paying jobs. every time there are people who make more money, they put more money into the economy. so that also sti
PBS
Dec 6, 2013 6:00pm PST
divide in the u.s. economy: the labor market seems to be getting stronger once again. yet for many on the lower end of the income ladder, the big gap in wages is sparking a budding movement. we begin with economics correspondent paul solman on the unemployment rate's drop to a five-year low, even as many jobless americans face more difficult times ahead. the story is part of paul's coverage on making sense of financial news. >> reporter: the latest snapshot of the nation's jobs situation-- showing 203,000 positions added in november, and a jobless rate of 7% was even rosier than anticipated. we asked northeastern university economist barry bluestone what he made of the numbers. >> on balance this was a good report today. over 200,000 people are back to work. we've brought the unemployment rate down from 7.3% to 7%. that's all good news. of course many of those were federal employees coming back to work after furlough, but we had some good news about manufacturing employment, construction employment, pretty much across the board. so in general this is good news plus over the last sever
MSNBC
Dec 7, 2013 3:00am PST
market is getting better. our economy is improveth. we have double our production of clean energy, doubled our production of traditional energy sources. we are on the brink of being energy independent as a country our size to be. we have the best researchers, scientists on earth, and the most innovative companies on earth. we're still the envy of the world. i continue to have great confidence in our capacity. this city washington is grid locked and spends too much time worried about the next election and not enough worried about the next generation. what jack kennedy understood as well. that's the american people. we go through these periods where our politics gets all balanced up. the truth is sometimes we're nostalgic about the past. >> i am. >> i know you are. if over and over again they see they are not addressing the core problems we have, eventually they will put in place folks who are serious about getting the work done. >> let's talk about the problem with the legislative branch. the nature of america is an aisle down the center. those aisles have always been there. rarely
NBC
Dec 6, 2013 6:00pm PST
to expand our footprint. >> reporter: giving the local economy a boost in the process. >> there are a lot of other satellite businesses that depend on us growing, too, so this project, you know, there were several hundred people that, you know, went to work bringing the electrical, the construction, all those other pieces here to support our efforts to satisfy our customers. >> reporter: among those other businesses, barry swenson builders, busting out of the construction slump with more tech industry-fueled south bay real estate projects than they've seen in years. >> absolutely. and actually a little by concerned about what we're going to do come late spring. >> reporter: because? >> because we have so much volume at this point, and just want to make sure that we have the right people in the right places to make sure those jobs get done correctly. >> reporter: the busier they are in here, the busier they'll be out here. >> we think it hopefully will continue into the next couple years. >> reporter: gradually building up the local economy. now, the jobless rate for the entire count
CSPAN
Dec 7, 2013 6:00pm EST
already struggling, it will harm the economy. unemployment insurance is one of the most effective way there is to boost the economy. when more people spend money on basic necessities, it means more customers and more jobs. the evidence shows that unemployment does not stop people from trying to hard work -- stop work -- trying hard to find work. if we stopted that it now it will be a drag on the economy next year. another estimate thinks it can cost businesses to wondered 40,000 jobs. without the ability to feed their families or pay bills, many people currently looking looking forld stop good. extending unemployment insurance is not just the right thing to do for our families, it is the smart thing to do for our economy. it should not be a partisan issue. for decades, congress has offered to vote for relief for job seekers. now that economic lifeline is in jeopardy all because republicans in the congress, which is on track to be the most unproductive in history, has so far refused to extend it. in this holiday season, let's give our fellow americans were desperately looking for work
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